NEW YORK -- Japanese real estate giant Mitsui Fudosan Co. this week showed media around 50 Hudson Yards, a 58-story skyscraper that is part of a major redevelopment project in New York.
The construction of the building in Manhattan's Hudson Yards district was completed earlier this month.
The 300-meter-tall tower has a total floor area of 269,000 square meters, and the total cost of the project was more than 600 billion yen.
Meta, formerly known as Facebook, and BlackRock Inc., a leading global asset management company, are among the major tenants of the building.
According to Mitsui Fudosan, tenants have been secured for more than 80% of the tower.
However, due to the COVID-19 pandemic, the percentage of employees working in Manhattan's offices stood at about 50% as of September.
Nevertheless, New York City Mayor Eric Adams was upbeat on Wednesday, saying he hoped office transformations would help inject life back into the city.
The redevelopment of the Hudson Yards district on the west side of Manhattan started in 2012.
The total cost of redeveloping the about 110,000-square-meter commercial district is about 25 billion dollars (3.7 trillion yen), making it the largest private urban development project in the United States.
Read more from The Japan News at https://japannews.yomiuri.co.jp/
